Costa Rica: Regulation of Private Hydroelectric Companies

Minaet may grant private concessions to develop hydroelectric energy projects.

Tuesday, March 17, 2009

The Legislative Assembly of Costa Rica approved a bill that will allow the Ministry of the Environment, Energy and Telecommunications (Minaet) to grant concessions for hydroelectric energy generation projects during the first debate.

This new law, if passed, would renew the 23 concessions that were in danger of expiration, and it provides that the Regulatory Authority of Public Services is responsible for regulating electricity prices.

According to the report published in nacion.com, entrepreneurs who obtain concessions "may not generate more than 15% of the electricity generation capacity in the country" and “they may do so for a period not greater than 25 years."

More on this topic

Costa Rica: New 50 MW Hydroelectric Power Station

November 2015

Operations have started at the Torito hydroelectric power plant, owned by the Spanish company Gas Natural Fenosa, which invested more than $190 million in the new plant .

The proposed construction and operation of the plant was awarded in 2008 by the Costa Rican Electricity Institute (ICE) to Gas Natural Fenosa, which will operate for a period of 20 years through its subsidiary Global Power Generation (GPG).

Costa Rica: $19 million for Hydroelectric Station

August 2015

After renting it for 12 years, the Costa Rican state power company, ICE, has paid $19 million to acquire the Peñas Blancas hydroelectric plant, 36 MW.

The Costa Rican Electricity Institute (ICE) exercised the purchase option which was its right from the start beginning, through the figure of trust, for the construction and operation of the Penas Blancas plant, in 2000.

Costa Rica Inaugurates Cubujuquí Hydroelectric Plant

March 2013

Built with an investment of $65 million, the hydroelectric plant will supply 20% of demand in the north of the country, generating a total of 22.4 MW.

The Government of Costa Rica, inaugurated last Saturday the Hydroelectric Plant Cubujuquí in Horquetas de Sarapiqui, whose reservoir with a capacity of 320,000 cubic meters, represents an investment of $65 million for the Rural Electrification Cooperative of San Carlos (Coopelesca).

Costa Rica: Hydroelectric concession expires

June 2008

Right in the middle of an energy crisis, this country is allowing its hydroelectric power company concessions to expire.

The first concession to use water for producing electricity has expired This means the owner of the el Cedral plant in Ciudad Quesada must shut it down. This project has been providing energy in the north since the early 1960s.

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